GDP growth to hit 7.24pc this fiscal year

Staff Correspondent: Bangladesh's Gross Domestic Product (GDP) growth is expected to reach 7.24 percent at the end of the current fiscal year (2016-17), breaking all the previous records in the history of the country’s economy.

Bangladesh Bureau of Statistics (BBS) came up with the provisional estimate on Sunday attributing encouraging exports and robust agricultural outputs to the record high growth.

The GDP growth was recorded 7.11 percent in the fiscal year (2015-16). The per capita income has risen to $1,602, which was $1,466 in the last fiscal year, according to the BBS.

Planning Ministry AHM Mustafa Kamal submitted the report at a meeting of the National Economic Council (NEC) on Sunday with Prime Minister Sheikh Hasina in the chair.

The prime minister said, “It is the outcome of our concerted efforts. This outcome has been achieved due to the continuity of the government.”